NORTHERN OCEAN HABITAT FOR HUMANITY INC (EIN 223661840) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Phone

7328189500

Tax Period

2024-07-01 to 2025-06-30

NORTHERN OCEAN HABITAT FOR HUMANITY INC, founded in 1999, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $3.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

The mission of Northern Ocean Habitat for Humanity is to transform lives in our community by building and repairing homes in partnership with the families we serve. Our vision is a world where everyone has a safe, affordable, and decent place to call home.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,406,088

Program Service Revenue $350,000

Investment Income $27,628

Other Revenue $130,591

TOTAL REVENUE $2,914,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,313,527

Fundraising Expenses $73,040

Program Expenses $2,906,730

Other Expenses $2,183,307

TOTAL EXPENSES $3,496,834

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,914,307	$2,567,997	+0.1%
Expenses	$3,496,834	$2,672,169	+0.3%
Net Income	$-582,527	$-104,172	+4.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

294

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$87,975

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTINE NOVAKOWSKI	Executive Dir.	40.00	Officer	$87,975	$0	$87,975
SHARON K BARKER	President	1.00	Officer Director	$0	$0	$0
ROB CILIENTO	Director	1.00	Director	$0	$0	$0
CHARLES SCHLAPFER	Director	1.00	Director	$0	$0	$0
DAVE APPLEGATE	Director	1.00	Director	$0	$0	$0
JENNIFER J EDMONDS PHD	Director	1.00	Director	$0	$0	$0
BRIDGET BONICA	Director	1.00	Director	$0	$0	$0
ANGIE LOMBARDI	Director	1.00	Director	$0	$0	$0
KIM CLEMENTS	Director	1.00	Director	$0	$0	$0
DAVID GRAHAM	Director	1.00	Director	$0	$0	$0
PAUL AMATO	Director	1.00	Director	$0	$0	$0
DAVID M NILSEN	Treasurer	1.00	Officer Director	$0	$0	$0
ANJELICA WEBBER	Vice President	1.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,914,307	$3,496,834	$3,263,343	$-582,527
2024	$2,567,997	$2,672,169	$3,969,606	$-104,172
2023	$2,746,960	$2,920,795	$4,116,861	$-173,835
2022	$2,808,411	$2,095,782	$2,815,343	$712,629
2021	$1,907,456	$1,465,739	$2,304,235	$441,717
2020	$1,873,038	$1,345,523	$2,007,737	$527,515
2019	$1,825,239	$1,860,598	$1,146,015	$-35,359
2018	$1,747,892	$1,769,056	$1,284,059	$-21,164

NORTHERN OCEAN HABITAT FOR HUMANITY INC